The foreign trade deficit of Lithuania amounted to EUR 0.3 bln in November

Exports of goods of Lithuanian origin amounted to EUR 1.2 billion (LTL 4.3 billion). The foreign trade deficit of Lithuania amounted to EUR 0.3 billion (LTL 1.2 billion).

Over the month (November 2014, against October), exports decreased by 8.9%, while imports increased by 0.5%. The decrease in exports was influenced by a decrease in exports of mineral products (13.1%), electrical machinery and equipment and parts thereof (24.2%), and cereals (25.1%). The increase in imports was influenced by an increase in imports of ships, boats and floating structures. Mineral products excluded, exports decreased by 7.9%, while imports increased by 6.1%. Exports of goods of Lithuanian origin decreased by 9.3%, mineral products excluded – by 8.4%. Exports to Russia decreased by 9.6%, of goods of Lithuanian origin – by 22.5%, which was conditioned by a decrease in exports of plastics and articles thereof (35.6%) and ground vehicles (26%).

Exports and imports in 2011-2014, January-November

Over the year (November 2014, against November 2013), exports increased by 2.8%, imports – by 10.5%. The increase in exports was influenced by an increase in exports of boilers, machinery and mechanical appliances and parts thereof (39.6%) and tobacco and manufactured tobacco substitutes (75.9%). The increase in imports was influenced by an increase in imports of ships, boats and floating structures and boilers, machinery and mechanical appliances and parts thereof. Mineral products excluded, exports and imports increased by 3.5 and 17.7% respectively. Exports of goods of Lithuanian origin increased by 2.4, mineral products excluded – by 5.8%.

In January–November 2014, against January–November 2013, exports decreased by 0.5%, while imports increased by 1.2%. The decrease in exports was influenced by a decrease in exports of petroleum products (24.8%) and ground vehicles (20.6%). The increase in imports was influenced by an increase in imports of electrical machinery and equipment and parts thereof (37.7%) and boilers, machinery and mechanical appliances and parts thereof (18.9%). Mineral products excluded, exports and imports increased by 7 and 10% respectively. Exports of goods of Lithuanian origin decreased by 7%, mineral products excluded – grew by 4.4%. Exports to Russia increased by 6.5%, while exports of goods of Lithuanian origin decreased by 15%, which was conditioned by a decrease in exports of milk and dairy products (35.3%), meat and edible offal (39.3%), and ground vehicles (30%). Exports of food and agricultural products (CN sections I–IV) to Russia decreased by 17.8%, of food and agricultural products of Lithuanian origin – by 26.3% (in January–November 2013, exports of such products amounted to EUR 295.3 million, while in the same period of 2014 – EUR 217.6 million).

In January–November 2014, the most important Lithuania's partners in exports were Russia (21.1%), Latvia (9.2%), Poland (8.3%), and Germany (7.3%), in imports – Russia (21.7%), Germany (11%), Poland (9.5%), and Latvia (6.9%). Most of the goods of Lithuanian origin were exported to Germany (10.4%), Latvia (8.2%), the Netherlands (7.3%), and Poland (7.2%).

In January–November 2014, the largest share in Lithuania's exports and imports fell within mineral products (17.7 and 25.4% respectively), machinery and mechanical appliances, electrical equipment (15.4 and 16.8%), and products of the chemical or allied industries (9 and 10.4%). As for the goods of Lithuanian origin, the largest share in exports fell within mineral products (25.9%), miscellaneous manufactured articles (10%), prepared foodstuffs (7.8%), and live animals and animal products (7.8%).

Table 1. Foreign trade balance, EUR million

	Exports	Imports	Balance
January–November 2013	22 547.5	24 044.5	–1 497.0
I quarter	6 014.2	6 264.9	–250.7
II quarter	5 853.0	6 198.9	–345.9
III quarter	6 303.4	6 879.5	–576.1
November	2 108.5	2 285.7	–177.2
IV quarter	6 373.9	6 864.4	–490.5
2013	24 544.6	26 207.7	–1 663.1

January–November 2014	22 437.9	24 340.2	–1 902.3
January	1 698.0	1 877.0	−179.0
February	1 798.1	1 886.1	−88.0
March	1 890.8	2 120.1	−229.3
I quarter	5 386.9	5 883.2	−496.3
April	1 992.0	2 175.4	–183.4
May	1 994.8	2 209.3	–214.5
June	2 062.1	2 181.4	–119.3
II quarter	6 049.0	6 566.1	–517.1
July	2 144.5	2 340.4	–195.9
August	2 049.0	2 124.7	–75.7
September¹	2 259.2	2 389.6	–130.4
III quarter¹	6 452.7	6 854.8	–402.1
October¹	2 381.0	2 511.2	–130.2
November	2 168.2	2 524.9	–356.7

¹ Revised data.

Table 2. Structure of and changes in foreign trade by BEC in January–November 2014

BEC	Exports			Imports
BEC	value, EUR million	share,%	change, against the respective period in 2013,%	value, EUR million	share,%	change, against the respective period in 2013,%
Total	22 437.9	100.0	–0.5	24 340.2	100.0	1.2
Capital goods	2 696.6	12.0	10.2	3 472.9	14.3	9.8
Intermediate goods	11 465.0	51.1	–0.6	14 511.7	59.6	–2.2
Consumption goods	6 666.3	29.7	5.4	5 598.2	23.0	6.6
Motor spirit	1 155.7	5.2	–29.7	18.1	0.1	47.4
Passenger motor cars	399.3	1.8	–24.5	734.9	3.0	–5.0
Other	55.0	0.2	–23.2	4.5	0.0	–24.5

Table 3. Structure of and changes in trade with key foreign partners in January–November 2014

	Exports					Imports
	value, EUR million	share, per cent	share of goods of Lithuanian origin, per cent	change, against the respective period in 2013, per cent		value, EUR million	share, per cent	change, against the respective period in 2013, per cent
Total	22 437.9	100.0	56.7	–0.5	Total	24 340.2	100.0	1.2
EU28	12 326.5	54.9	70.1	–2.6	EU28	15 518.5	63.8	7.2
CIS ²	7 292.8	32.5	20.6	3.2	CIS²	6 709.0	27.6	–14.8
EFTA³	625.3	2.8	92.0	12.7	EFTA³	191.7	0.8	1.8
Russia	4 731.9	21.1	12.0	6.5	Russia	5 270.3	21.7	–22.3
Latvia	2 055.1	9.2	50.9	–8.7	Germany	2 673.2	11.0	4.4
Poland	1 857.6	8.3	49.0	11.2	Poland	2 311.8	9.5	0.4
Germany	1 631.1	7.3	81.3	–0.7	Latvia	1 667.4	6.9	10.9
Belarus	1 027.1	4.6	17.5	–11.5	Netherlands	1 170.8	4.8	–6.4
Netherlands	1 014.7	4.5	91.9	–0.4	Italy	1 157.4	4.8	23.1
Estonia	971.8	4.3	50.8	–24.2	United Kingdom	998.5	4.1	77.1
United Kingdom	851.7	3.8	89.3	–27.1	Belgium	842.0	3.5	4.8
Ukraine	820.4	3.7	79.7	7.2	Sweden	767.7	3.2	–1.3
United States	796.4	3.5	97.7	49.7	Belarus	686.0	2.8	–2.7
Sweden	793.6	3.5	85.8	6.3	France	666.2	2.7	0.3
France	579.8	2.6	89.6	11.4	Estonia	638.3	2.6	–6.9
Norway	523.0	2.3	92.8	8.6	China	610.3	2.5	16.9
Denmark	518.9	2.3	81.1	12.0	Kazakhstan	500.2	2.1	3.6 t.
Italy	415.6	1.9	82.7	8.0	Finland	474.1	1.9	1.3
Other countries	3 849.2	17.1	68.4	–4.2	Other countries	3 906.0	15.9	15.8

² Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.
³ Iceland, Lichtenstein, Norway, Switzerland.

Table 4. Commodity structure of and changes in exports in January–November 2014

CN sections		Value, EUR million	Share,%	Share of goods of Lithuanian origin,%	Change, against the respective period in 2013,%
	Total	2 2437.9	100.0	56.7	–0.5
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	3 941.9	17.6	83.1	–24.6
84	Boilers, machinery and mechanical appliances; parts thereof	1 918.5	8.6	13.7	16.5
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	1 533.2	6.8	23.8	51.8
94	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like; prefabricated buildings	1 443.8	6.4	84.3	14.7
39	Plastics and articles thereof	1 306.9	5.8	72.5	1.8
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	1 052.6	4.7	14.6	–20.6
44	Wood and articles of wood; wood charcoal	806.3	3.6	80.7	9.3
31	Fertilisers	751.9	3.4	87.9	–0.3
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	559.5	2.5	94.7	1.4
	Other	9 123.3	40.6	51.2	4.3

Table 5. Commodity structure of and changes in exports of goods of Lithuanian origin in January–November 2014

CN sections		Value, EUR million	Share,%	Change, against the respective period in 2013,%
	Total	1 2732.5	100.0	–7.0
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	3 274.2	25.7	–28.8
94	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like; prefabricated buildings	1 217.6	9.6	15.6
39	Plastics and articles thereof	947.2	7.4	–0.6
31	Fertilisers	660.8	5.2	–2.8
44	Wood and articles of wood; wood charcoal	650.6	5.1	6.9
04	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	529.6	4.2	0.9
10	Cereals	519.7	4.1	1.5
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	364.2	2.9	20.7
24	Tobacco and manufactured tobacco substitutes	313.3	2.5	9.7
	Other	4 255.3	33.3	2.2

Table 6. Commodity structure of and changes in imports in January–November 2014

CN sections		Value, EUR million	Share,%	Change, against the respective period in 2013,%
	Total	2 4340.2	100.0	1.2
27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	5 955.9	24.5	–18.0
84	Boilers, machinery and mechanical appliances; parts thereof	2 336.3	9.6	18.9
85	Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	1 750.1	7.2	37.7
87	Vehicles other than railway or tramway rolling stock, and parts and accessories thereof	1 604.2	6.6	–15.1
39	Plastics and articles thereof	1 029.7	4.2	10.2
30	Pharmaceutical products	725.0	3.0	12.3
29	Organic chemicals	554.2	2.3	–7.5
73	Articles of iron or steel	457.4	1.9	10.4
08	Edible fruit and nuts; peel of citrus fruit or melons	455.9	1.9	–4.1
	Other	9 471.5	38.8	10.3

Table 7. Volume of and changes in imports and exports

Period	Exports		Exports of goods of Lithuanian origin		Imports		Balance
Period	value, EUR million	change, against the previous month,%	value, EUR million	change, against the previous month,%	value, EUR million	change, against the previous month,%	EUR million
2013-11	2 108.5	−7.0	1 203.6	−10.5	2 285.7	−5.4	−177.2
2013-12	1 997.1	−5.3	1 148.2	−4.6	2 163.1	−5.4	−166.0
2014-01	1 698.0	−15.0	1 032.7	−10.1	1 877.0	−13.2	−179.0
2014-02	1 798.1	5.9	1 047.0	1.4	1 886.1	0.5	−88.0
2014-03	1 890.8	5.2	1 061.2	1.4	2 120.1	12.4	−229.3
2014-04	1 992.0	5.4	1 173.4	10.6	2 175.4	2.6	−183.4
2014-05	1 994.8	0.1	1 154.0	−1.7	2 209.3	1.6	−214.5
2014-06	2 062.1	3.4	1 102.9	−4.4	2 181.4	−1.3	−119.3
2014-07	2 144.5	4.0	1 164.2	5.5	2 340.4	7.3	−195.9
2014-08	2 049.0	−4.4	1 123.1	−3.5	2 124.7	−9.2	−75.7
2014-09	2 259.2	10.3	1 281.6	14.1	2 389.6	12.5	−130.4
2014-10	2 381.0	5.4	1 359.5	6.1	2 511.2	5.1	−130.2
2014-11	2 168.2	−8.9	1 233.0	−9.3	2 524.9	0.5	−356.7

Note. Due to rounding, the sum of lines or columns in some tables may disagree with the "Total".

For more information, see the Database of Indicators.

Analytics, Baltic Export, Baltic States – CIS, EU – Baltic States, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 06:20